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Don Kohn offers advice on macro-pru under uncertainty

Don Kohn gave advice to macro-prudential policy-makers on handling uncertainty during remarks on May 15, saying the Bank of England could still do more to improve its financial stability work.

The BoE financial policy committee (FPC) member said that while experience with macro-prudential policy is still limited, the central bank has managed to identify “sufficient empirical regularities tied to financial stability in historical experience” to allow it to act.